504 Loan Blog: Curated by Mercantile Capital Corporation
Back in July, I re-posted an article by Jay Goltz that appeared on the New York Times‘ website. He was writing on the possibility of a double-dip recession and told of things he had been doing to both stay optimistic and to shore up his position. One of the things he did was buy a Read More »
Last week, I reported that the conditions for owning commercial property just keep getting better. The 20-year fixed interest rate on SBA 504 loan projects has fallen to 4.93% – – the second-lowest monthly rate in the 24-year history of the program. Put that together with decreased commercial property values and all the inherent benefits Read More »
Things are indeed getting better for owners of small and mid-sized businesses. We’re still keeping tabs on HR 5297, because the Senate’s actions will have big implications for business owners, but there’s other good news that I need to tell you about. The 20-year fixed interest rate on SBA 504 loan projects has fallen below Read More »
As you know, I’ve been sending emails and making phone calls over the last several days to drum up support for HR 5297, the small business bill the Senate has been debating for a week now. A friend sent me a message asking some questions that you may also have, so I thought I’d respond Read More »
Many thanks for your support of HR 5297. It appears that the Senate still hasn’t passed the bill yet, as the second cloture motion was withdrawn yesterday. So we’ll continue to pester our elected officials until we get the action we need from them . . . last I checked, they DO get paid by Read More »
I’m traveling to Connecticut today on business, so I had to compose this message between flights, in airports and on planes. I’ve frustrated a few flight attendants because I just HAD to finish a thought before shutting off my laptop for takeoff. I would have posted this sooner, but I wasn’t lucky enough to get Read More »
I recently read a blog post by Jay Goltz on the New York Times website (yes, I get ALL perspectives), and wanted to share it with you for a couple reasons. First, he makes some pretty good points about how to handle all the talk and “news” reports we hear about our economy – – Read More »
I tell people all the time that the SBA 504 loan is the “best-kept secret” in commercial real estate financing for a myriad of reasons. But I know not everyone believes me wholeheartedly. To this day, the SBA 504 loan is still considered a second-tier or third-tier financing option by many people, and often it’s Read More »
In today’s edition of The Wall Street Journal, there is an article titled “A Plea for Direct Lending to Small Businesses” which you can read in full by going here. The article focuses on the two sides of the debate on proposed legislation that calls for the SBA to help business owners find willing lenders Read More »
I flew into New York City early yesterday afternoon and met with Marshall Eckblad, the national banking reporter for Dow Jones (owners of the Wall Street Journal, Barron’s, SmartMoney, and others). And after getting his personal tour of the Dow Jones offices (including seeing the wall of Pulitzer Prizes and “The Hub,” where reporters from Read More »
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